Bajaj Finance stock: INR 2,069.50 crore debt issue supports lending

On Friday, October 30, 2026, Bajaj Finance allotted secured redeemable non-convertible debentures worth INR 2,069.50 crore through a private placement. ScanX reported that the proceeds are intended to support the company's lending operations.

Two tranches, one coupon

The allotment covers 206,950 debentures with a face value of INR 1 lakh each. Both tranches carry a fixed annual coupon of 8.70 percent and are secured by a first pari-passu charge over book debts and loan receivables, with security cover of at least 1.00 times the outstanding debentures.

The first option has a 1,134-day tenure and is scheduled to mature in December 2029. The second runs for 1,826 days and matures in October 2031. Both series are proposed for listing on the Wholesale Debt Market segment of BSE.

Funding structure matters for investors

Annual interest payments are planned for both tranches, with principal repayment at maturity. The identical coupon across the two maturities means the announced pricing carries no visible term premium between the shorter and longer issue.

For investors, the transaction adds another funding source for Bajaj Finance while placing attention on future borrowing costs, asset growth and the company's ability to deploy capital profitably. The secured structure provides collateral support, but repayment remains linked to the lender's financial performance and funding discipline.

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